Tags: Taxes | proposals | House | Senate

Long Political Fights Ahead over Dueling Tax Plans

Sunday, 15 Apr 2012 08:22 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON — Both parties in Congress are forcing symbolic votes in the coming week on dueling tax plans that affect millionaires and smaller businesses. That'll set the stage for long fights about taxes during the presidential campaign and on Capitol Hill.

Leaders have timed votes with an eye to Tuesday, the federal income tax deadline.

The Senate plans to vote Monday on a Democratic bill inspired by President Barack Obama's "Buffett rule," which would impose a minimum 30 percent tax on the wealthiest in the country. Republicans are sure to kill the measure.

Later in the week, the GOP-run House intends to votes on a Republican measure providing a 20 percent tax deduction for businesses that employ fewer than 500 workers. It's expected to pass, but die in the Democratic-led Senate.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

George P. Bush: I'm Not Endorsing Anyone in 2016 Race

Saturday, 20 Sep 2014 18:45 PM

George P. Bush is not endorsing anyone for the White House in 2016, even if his father, former Florida Gov. Jeb Bush, be . . .

House Republicans Hire New Attorney for Obama Lawsuit

Saturday, 20 Sep 2014 17:15 PM

House Republicans Friday signed a contract with a new attorney torepresent them in their lawsuit against President Barac . . .

Abbott, Davis Face Off in First Gubernatorial Debate

Saturday, 20 Sep 2014 13:39 PM

Texas state Sen. Wendy Davis and state Attorney General Greg Abbott each scored points Friday in their first gubernatori . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved